Written Cycle Project Chapter 4 (part 4 of 4) Principles of Accounting I Version 23 Instructions: Below is the adjusted trial balance for Bear Advertising Inc. (1) Prepare an Income Statement, Statement of Retained Earnings, and a Balance Sheet. (2) Then prepare closing entries, post them to t-accounts, and prepare a post-closing trial balance. Bear Advertising Inc Adjusted Trial Balance August 31, 200XX Income Statement Cash $19075 4750 Accounts Receivable Prepaid Insurance Advertising Supplies Equipment Accumulated Depr Accounts Payable Uneamed Revenue Interest Payable Notes Payable Common Stock Retained Eamings 1250 700 8000 $ 200 600 2000 50 5000 13000 0 2000 Dividends Advertising Revenue Depreciation Expense Insurance Expense Interest Expense Supplies Expense Ublity Expense Totals 17750 200 250 50 1300 1025 $38600 Statement of Retained Eanings $38600 Cash Accounts Receivable Prepaid Insurance $19075 $4750 $1250 Advertising Supplies $700 Equipment Accum Depr- Equip $200 $8000 Accounts Payable $600 Uneamed Revenue $2000 Interest Payable $50 Notes Payable Common Stock Retained Eamings 50 $5000 $13000 Dividends Advertising Revenue $2000 $17750 Depreciation Expense $200 Insurance Expense Interest Expense $50 $250 Supplies Expense $1300 Utility Expense $1025